Nader’s Dream is back. This time the Holmans building becomes a bunch of multi million dollar condos and his big hotel takes up the rest of the block.

Developers are proposing two projects for the Holman Building property. The first project would turn the building into commercial space and condominiums. The second one would bring construction of Pacific Grove’s first hotel. To get it done, the developers need to split the lot and get multiple permits.

Developer Nader Agha is heading up the hotel project. The hotel, if all goes as planned, will be a 135-room Hilton Garden Inn. Agha wants to build it on the back two-thirds of the property.

What? Tear out all the parking and marina improvements to remake a beach that is likely to become a transient plaza for sea lions?

The waterfront plan, which has been put together during the past four years, is intended to transform Monterey’s shoreline between San Carlos Beach and Monterey Bay Park into a “spectacular gateway” for the city.

But many in the wharf business community say the proposal — which would eliminate hundreds of parking spaces in lots nearest the harbor by the city’s two wharves in favor of grass, walkways and a plaza — is anything but spectacular.

At a city Planning Commission meeting May 13, the battle over the future of waterfront parking under the proposed plan came to a head.

Wharf business owners and hospitality industry officials predicted the changes would drive away customers and cost the city hundreds of thousands of dollars a year in parking fees generated by the wharf lots.